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Uganda Legalizes Islamic Banking
Uganda's Cabinet has approved the amended Financial Institutions Act 2015, which paves the way for the introduction of Islamic and Agency banking in Uganda.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Banking Provides Lifeline for Bangladeshis
Phone-based services revolutionize the way people save and send money.
- Categories
- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Innovation for Poverty Action’s New $7.4 million Grant Will Support Research for Financial Inclusion
Innovations for Poverty Action (IPA) announced today a new $7.4 million grant to support research on product design innovations that enable the poor to access, use, and benefit from financial services.
- Categories
- Education
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Closing the Financial Inclusion Gender Gap
While financial inclusion is growing for everyone, women tend to lag men by seven percentage points globally - in emerging markets, the difference is nine percentage points on average and can be as high as 18 percentage points in South Asia.
- Categories
- Uncategorized
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Bandhan Bank Is Born: Chandra Shekhar Ghosh’s Incredible Journey From a Sweet Shop to Owning a Bank
In most Indian languages, the word Bandhan means bond or togetherness. His bond with the credit-deprived poor in Eastern India’s villages and a Rs 2 lakh loan were the initial capital for Chandra Shekhar Ghosh, the son of a small sweet-shop owner from Bengal, to begin a microfinance institution, Bandhan Financial Services Ltd, and grow it to a private bank in less than 15 years.
- Categories
- Uncategorized
- Region
- South Asia
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Empty accounts continue to plague India’s financial inclusion plan
More than half of a record 160 million accounts opened in India as part of a drive to offer banking to all are still empty, illustrating the massive task ahead for one of the government's most high-profile campaigns and the strain on banks.
- Categories
- Uncategorized
- Region
- South Asia
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Zimbabwe at the forefront of the mobile revolution
While everyone looks to Kenya as the leader in mobile money transfers, when it comes to sending money from mobiles, Zimbabweans have been almost twice as eager to use an app to make a transfer.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Indonesian start-ups helping to broaden financial inclusion
A string of innovative financial products from Indonesian start-ups are circumventing the traditional payment and investment system, helping to broaden financial inclusion and challenging the established banks.
- Categories
- Uncategorized
- Region
- Asia Pacific
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